Ethereum Price Weekly Analysis: ETH Skyrockets, Dips Remain Supported

ETH price formed a solid support at $100 and started a strong uptrend against the US Dollar. There was a break above a crucial bearish trend line with resistance at $104 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair traded as high as $122 and it is currently consolidating gains with range moves. Ethereum price climbed higher sharply versus the US Dollar and Bitcoin. ETH/USD is now placed in a bullish zone above the $114 and $112 support levels in the near term. Ethereum Price Analysis…

Bakkt Will Launch Later This Year

The CEO of the Intercontinental Exchange (ICE) expects the firm’s digital asset platform Bakkt to launch later in 2019. The comment was made by ICE CEO Jeff Sprecher during an earnings call Thursday, Feb. 7. The call was dedicated to ICE’s financial results for Q4 and the full year of 2018. Sprecher explained that the company spent over $1 billion on strategic initiatives, including on the launch of the digital asset platform. ICE operates 23 leading global exchanges, along with the New York Stock Exchange. The company’s CFO, Scott Hill,…

Cryptos See Mild Movements After Market Surge, Bitcoin Holds Above $3,600

Saturday, Feb. 9 — as Coin360 data shows, major cryptocurrencies are facing a mix of mild gains and losses, following a major market surge since yesterday. Bitcoin (BTC) is holding steady above the $3,600 price point. Market visualization from Coin360 BTC gained over $200 in value on Friday, Feb. 8, reaching a multi-week high of $3,691 throughout the day. The top currency continued to trade sideways today, before stabilizing to press time around $3,660. Bitcoin 7-day price chart. Source: CoinMarketCap BTC daily transaction volume is steadily growing, according to transactionfee.info…

NYSE Operator’s Crypto Platform Bakkt Finalizes Its First Acquisition

Bakkt, the much-anticipated digital assets platform operated by the Intercontinental Exchange (ICE), has closed its first acquisition, a tweet from the company revealed Feb. 8. The move marks the finalization of an acquisition of assets in futures commission merchant Rosenthal Collins Group (RCG). “With today’s closing of our transaction with Rosenthal Collins Group, we welcome great new team members to Bakkt,” the statement reads. By acquiring certain assets in the company, Bakkt said it hopes: “RCG’s remarkable heritage, culture and expertise will help us build out a trusted institutional infrastructure…

New Players, Veterans and Startups Which Didn’t Make the Cut

Recently, Forbes published the fresh edition of its “Fintech 50” list, counting the world’s top financial technology firms. Notably, there are just six crypto and blockchain companies featured this year, while the 2018 list contained 11 players from the field. Given that the notorious crypto boom of 2017 has been followed by the relentless bear market, it is hardly surprising. Nevertheless, while there is considerably fewer crypto companies featured this year, less than half of them — Ripple, BitFury, Coinbase — have made the list before, which means that new…

Argentina’s State Public Transport Card SUBE Accepts Bitcoin

Argentinian state public transport card SUBE (Sistema Único de Boleto Electrónico) can now be topped up using Bitcoin (BTC), Cointelegraph in Spanish reported Friday, Feb. 8. Alto Viaje, a platform for adding money to SUBE cards, has partnered with Bitex, which provides blockchain-driven financial services to businesses. As a result of the partnership, the SUBE card can now be funded using BTC, via Alto Viaje’s website. Cointelegraph spoke to Manuel Beaudroit, CMO at Bitex, who said that SUBE — that can be used to travel by train, bus and subway…

High School Team Places Third in Barclays Blockchain Challenge Event

If understanding how distributed ledger tech works inside banks is complex, finding ways to make different varieties of enterprise blockchains talk to each other is a doozy of a challenge. And yet, that’s exactly what a team of high school students – soon to sit their A-Level exams in computer science – has done. The team, from Bedford School in the U.K., won third place in a blockchain interoperability hackathon hosted by London-based blockchain startup Clearmatics at the Barclays Rise fintech hub in London. The challenge set by Clearmatics, which is…

Bitfinex Resumes Trading After Unexpected 2-Hour Outage as Crypto Markets Surge

Hong Kong-based cryptocurrency exchange Bitfinex notified users in a tweet Saturday, Feb. 9, that it had temporarily gone offline for all users, as crypto markets saw major gains. Initially, the company wrote that the platform was unavailable only “to some users” and apologized for the inconvenience, without specifying a cause for the outage. However, about thirty minutes later, Bitfinex clarified that it had gone offline for all of its users, citing a “poor […] choice of wording” as the reason for the misinformation. The full statement reads: “We apologise for…

Why Bitcoin’s Forecast is Finally Turning Bullish, Expect a Bitcoin Price Rise

The price of bitcoin is still hovering below the $3,500 mark and volatility seems to be dying fast. Is it strange, then, that SFOX‘ report (a cryptocurrency prime dealer for large-scale investors) places the Crypto market at ‘mildly bullish’ entering February? This is a couple of notches up from its ‘mildly bearish’ tag last month. Why? SFOX Crypto Volatility Report January 2019 The institutional broker-dealer SFOX report collects key metrics, including volume, price, and volatility data from eight major exchanges on four leading crypto assets–Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. It…